Founded by Jerrin Jos and Satheesh Satchit, Verteil Technologies is a travel technology company that is transforming the 40-year old legacy airline distribution space with its retailing and distribution platform using the new distribution capability (NDC) standards promulgated by IATA. Kochouseph Chittilappilly, Chairman Emeritus of V-Guard Industries, has made an investment in this Kerala-based travel technology start-up Verteil Technologies as part of its Pre-Series A funding round.
Verteil has on-boarded more than 26 airlines from around the globe, including Emirates, Etihad Airways, Lufthansa Group, British Airways, and Singapore Airlines. Verteil operates from Kochi, Kerala and has an operating unit in Tokyo, Japan.
A beneficiary of the vibrant start-up ecosystem in Kerala, Verteil has been backed by Kerala State Industrial Development Corporation (KSIDC). The amount of the Pre-Series A Round was undisclosed. Verteil will use the money raised for onboarding more airlines into the platform and will invest further in technology to augment additional features to the current product.